Tuesday, September 4, 2012

Boeing increases target for India's aircraft needs

Boeing increases target for India's aircraft needs

Boeing increases target for India's aircraft needs

Posted: 04 Sep 2012 05:12 PM PDT

Despite a free fall in domestic air travel, global aircraft biggies continue to remain bullish on India.

India Inc in bind over billion-dollar buys

Posted: 04 Sep 2012 05:08 PM PDT

At a time when India Inc says that it finds it easier to invest abroad because of a combination of issues in India - including high interest rates, policy paralysis and delay in clearances - it sounds paradoxical.

Consumer spend drops on low-utility items

Posted: 04 Sep 2012 05:06 PM PDT

Consumer spending has slowed down on low-utility, big-ticket items like jewellery and watches in the last couple of months.

'Banks need Rs 5L cr capital by FY18'

Posted: 04 Sep 2012 04:52 PM PDT

The internationally accepted capital norms, or 'Basel III' as they are called, require banks to have more capital and also exclude forms of debt that were earlier accepted as capital.

'No easing of sourcing norms for single-brand retail'

Posted: 04 Sep 2012 04:50 PM PDT

Sharma, however, said that the government would issue some guidelines about 100% foreign direct investment (FDI) in single-brand retail."Policy is meant to attract investments.

Tech Mahindra buys Hutch BPO arm

Posted: 04 Sep 2012 09:10 AM PDT

Tech Mahindra on Tuesday announced the acquisition of Hutchison Global Services (HGS), call centre arm of Hutch here, for USD 87.1 million (Rs 484.03 crore), a deal which the software services provider said will give it a revenue leg-up of USD 845 million over the next five years.

India to top passenger traffic growth: Boeing

Posted: 04 Sep 2012 06:19 AM PDT

Boeing Co raised its forecast for the Indian plane market on Tuesday, saying the South Asian country would need 1,450 new aircraft worth $175 billion by 2031.

Ambani seeks higher power tariff

Posted: 04 Sep 2012 06:13 AM PDT

Power tariffs in India will have to go up to reflect the cost it takes to produce electricity and the health of producing companies, Reliance Power chairman Anil Ambani said Tuesday.

Rupee drops 13 paise to 55.66 on dollar demand

Posted: 04 Sep 2012 05:57 AM PDT

The rupee today fell from its one-week high level to end the day at 55.66, down 13 paise, on sudden fag-end dollar demand from importers.

Govt may ease investment norms for insurers

Posted: 04 Sep 2012 04:29 AM PDT

The Finance ministry is looking at the possibility of relaxing norms for insurance companies to attract more funds for the infrastructure sector as part of efforts to prop-up the sagging economy.

Sensex closes 56 points up

Posted: 04 Sep 2012 04:16 AM PDT

Bucking weak global cues, the Sensex on Tuesday closed 56 points higher at 17440.87 on buying in Reliance Industries, SBI and ICICI Bank in the second half of trading.

Gold hits new high at Rs 31,850

Posted: 04 Sep 2012 02:57 AM PDT

Gold on Tuesday broke all previous records to touch a fresh all-time high of Rs 31,850 per 10 grams, buoyed by brisk buying by stockists in tandem with strong global cues.

Tech Mahindra buys Hutch's India call centre for $87m

Posted: 04 Sep 2012 02:03 AM PDT

Tech Mahindra Ltd said on Tuesday it has bought Hutchison Whampoa Ltd's back-office call centre business in the country for $87.1 million.

Honda to shrink sedan lineup in India

Posted: 03 Sep 2012 11:41 PM PDT

Honda Motor Co will reorganize its car business in India, scaling down its lineup of sedans and focusing on compact vehicles, the Nikkei reported.
Posted by Harshad at 9:05 PM

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